Letters and Politics

History of Democratic Socialism with Richard Wolff

With Richard Wolff, Professor of Economics Emeritus at the University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor at the New School University in New York City. He is host the the radio show Economic Update from WBAI in New York.

By now, everyone knows that Bernie Sanders calls himself a democratic socialist. What’s not nearly as clear is what that actually means.

For voters who lived through the Cold War, the term “socialist” is loaded with baggage, dating to the assassination of the Russian tsar and his family in the early 20th century and Soviet Premier Nikita Kruschev’s 1960s standoff with President John F. Kennedy over missiles in Cuba.

A major discussion of the history of socialism vs. capitalism with focus on specific place of democratic socialism.

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